Finding a historic five-bedroom farmhouse on nearly three acres of waterfront land for under $150,000 is almost unheard of in today’s housing market. When a listing like 316 Parkhurst Siding Road, Presque Isle, ME 04769 surfaces, it immediately draws attention from bargain hunters, real estate investors, and outdoor enthusiasts.
Priced at $149,500, this 1,879-square-foot traditional farmhouse offers a rare combination of space, 475 feet of Aroostook River frontage, and direct trail access. However, evaluating a property built in 1880 with an unfinished upper level requires looking beyond the price tag. Here is an in-depth, humanized analysis of what this Maine listing has to offer.
Complete Property Specifications & Disclosures
To evaluate this property accurately, we must break down the structural, environmental, and financial details provided in the official property disclosures.
- List Price: $149,500
- Estimated Monthly Payment: ~$1,128/month
- Zestimate® Value: $144,800
- Tax Assessed Value: $60,900
- Annual Property Tax: $1,449
- Price Per Square Foot: $80/sqft
- Date on Market: 7/21/2026
- Total Livable Area: 1,879 sq. ft. (All finished area above ground)
- Lot Size: 2.95 Acres (Parcel Number: PREEM022B387L316)
- Zoning: Agricultural
- Bedrooms: 5
- Bathrooms: 1 (Full Bathroom with Shower)
- Year Built: 1880
- Architectural Style: Farmhouse / Single Family Residence
- Construction Materials: Wood Frame, Fiber Cement Siding
- Foundation: Stone, Brick/Mortar
- Roof Material: Durable Metal
- Basement: Full, Unfinished (Includes Bulkhead and Interior Entry)
- Flooring: Laminate, Wood
- Heating: Baseboard, Hot Water, Wood Stove
- Cooling: None
- Utilities: Circuit Breakers Electric, Private Well Water, Private Septic Tank
- Parking: Gravel Driveway (5 – 10 Spaces)
- Road Surface: Paved Road
Detailed Interior & Layout Analysis
The internal structure of this 1.5-story farmhouse presents a distinct separation between functional living spaces on the main level and future expansion room upstairs.
Upper Level Breakdown
- Bedrooms 1 through 4: Located on the second level, each fitted with dedicated closet space.
- Bonus Room: An additional second-floor room that can function as a home office, craft room, or additional storage area.
- Condition Note: The upstairs serves as a blank canvas requiring finishing touches to reach its full aesthetic potential.
Main Level Breakdown
- Living Room & Den: Both rooms feature heat stove installations (including wood stove capability), providing cozy backup heating options during cold Maine winters.
- Eat-In Kitchen: Features a kitchen island, dedicated pantry storage, and modern layout convenience.
- Included Appliances: Sale includes electric range, refrigerator, microwave, washer, and dryer.
- Dedicated Laundry Room: Positioned conveniently on the main floor.
- Primary Bathroom: Houses the home’s single full bathroom with shower.
Structural & Heating Considerations
The home features a solid metal roof, which handles heavy winter snow loads far better than standard asphalt shingles. The foundation consists of historic stone, brick, and mortar, accessing a full, unfinished basement via both interior stairs and an exterior bulkhead. Heating is powered by a multi-source system comprising hot water baseboards and supplemental wood/heat stoves.
Land Features, River Frontage, & Location Advantages
The land component is one of the strongest features of 316 Parkhurst Siding Road.
475 Feet of Aroostook River Frontage
The property includes 475 feet of owned waterfrontage along the Aroostook River. The rolling 2.95-acre lot provides elevated, scenic views of surrounding woods and water, making it perfect for kayaking, fishing, and outdoor relaxation right in your backyard.
Dual Lot Potential
The listing encompasses two separate land parcels. This dual-parcel setup gives owners strategic flexibility: keep the full 2.95 acres for total privacy, build a secondary barn or shop, or explore selling off the secondary parcel to lower your effective purchase cost.
Recreational Trail Access & Amenities
- Aroostook Valley Trail: Runs right through the property, offering direct, year-round access for snowmobiling, ATV riding, hiking, and snowshoeing.
- Golf & Country Club: Located just five minutes from the Presque Isle Country Club.
- Paved Road Access: Unlike many rural properties with rough gravel approaches, this home sits along a fully paved road with 5 to 10 gravel parking spaces.
Investment Reality & Financial Breakdown
At $80 per square foot, the purchase price is remarkably accessible, but buyers should consider ongoing tax ratios and upgrade requirements.
| Financial Metric | Disclosed Figure | Market Insight & Analysis |
|---|---|---|
| Asking Price | $149,500 | Very low entry price for a 5-bedroom home with 2.95 acres |
| Tax Assessment | $60,900 | Lower assessment keeps annual taxes manageable at $1,449/yr |
| Price per Sq. Ft. | $80/sqft | Reflects the unfinished state of upper level rooms |
| Zoning Class | Agricultural | Lowers land-use restrictions for gardening, small livestock, or outbuildings |
Short-Term Rental & Airbnb Potential
Because Aroostook County is a major hub for seasonal hunting, snowmobiling, and summer trail riding, this property has strong potential as a short-term rental. Direct trail access combined with a 5-bedroom footprint allows hosting larger groups of trail riders who pay a premium for hassle-free recreation access.
Comprehensive Pros vs. Cons Analysis
Key Advantages
- Exceptional Value: Nearly 1,900 sq. ft. on almost 3 acres for under $150K.
- Prime Waterfrontage: 475 feet of direct Aroostook River frontage.
- Direct Trail Access: Sits right on the Aroostook Valley Trail network.
- Key Upgrades Done: Features metal roofing, fiber cement siding, updated main-floor cosmetics, and included laundry/appliances.
- Flexible Zoning: Agricultural zoning with no monthly HOA fees.
Critical Disadvantages
- 1880 Foundation Age: Historic stone/brick foundations require regular inspection for moisture and mortar wear.
- Single Bathroom Bottleneck: Managing five bedrooms with only one main-floor bathroom requires adding a second bath upstairs.
- Unfinished Upper Level: Demands additional budget and effort to complete the second-floor bedrooms.
- Lack of Central AC: Has no built-in cooling system (window units will be needed for summer months).
Final Verdict: Is This Property Worth Buying?
316 Parkhurst Siding Road is a high-upside purchase for handy homeowners, outdoor recreation enthusiasts, and vacation rental investors.
If you have basic renovation skills or budget reserved to finish the second floor and add a second bathroom, this historic farmhouse offers massive sweat equity. The combination of paved road access, metal roof, 475 feet of river frontage, and direct trail access makes it one of the most versatile property opportunities currently available in Presque Isle.
Listed on Zillow
